Quantbot Technologies LP Has $2.24 Million Stock Holdings in NMI Holdings Inc $NMIH

Quantbot Technologies LP raised its holdings in NMI Holdings Inc (NASDAQ:NMIH) by 87.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 62,140 shares of the financial services provider’s stock after purchasing an additional 28,987 shares during the quarter. Quantbot Technologies LP’s holdings in NMI were worth $2,240,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Sound Income Strategies LLC acquired a new stake in shares of NMI in the 1st quarter valued at $25,000. Opal Wealth Advisors LLC acquired a new stake in shares of NMI during the 1st quarter valued at $33,000. Neo Ivy Capital Management acquired a new stake in shares of NMI during the 1st quarter valued at $47,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of NMI during the 1st quarter valued at $48,000. Finally, GAMMA Investing LLC boosted its holdings in shares of NMI by 104.2% during the 1st quarter. GAMMA Investing LLC now owns 1,564 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 798 shares in the last quarter. Institutional investors and hedge funds own 94.12% of the company’s stock.

Insider Buying and Selling at NMI

In other news, Chairman Bradley M. Shuster sold 21,545 shares of NMI stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $39.56, for a total value of $852,320.20. Following the completion of the transaction, the chairman directly owned 409,792 shares of the company’s stock, valued at approximately $16,211,371.52. This trade represents a 4.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 3.00% of the company’s stock.

NMI Stock Up 0.3%

Shares of NASDAQ:NMIH opened at $39.30 on Thursday. The firm has a market cap of $3.05 billion, a P/E ratio of 8.34, a P/E/G ratio of 1.13 and a beta of 0.57. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.17. NMI Holdings Inc has a 12-month low of $31.90 and a 12-month high of $43.20. The business has a fifty day simple moving average of $39.59 and a 200 day simple moving average of $37.42.

NMI (NASDAQ:NMIH) last announced its earnings results on Tuesday, July 29th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.06. The business had revenue of $149.07 million during the quarter, compared to analyst estimates of $173.39 million. NMI had a return on equity of 16.51% and a net margin of 55.57%.NMI’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period last year, the company earned $1.20 EPS. Analysts predict that NMI Holdings Inc will post 4.62 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NMIH. Barclays raised their price objective on NMI from $41.00 to $42.00 and gave the company an “equal weight” rating in a report on Tuesday, July 8th. Keefe, Bruyette & Woods downgraded NMI from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $42.00 to $43.00 in a report on Monday, July 7th. Wall Street Zen downgraded NMI from a “buy” rating to a “hold” rating in a report on Saturday, July 12th. JPMorgan Chase & Co. raised their price objective on NMI from $41.00 to $44.00 and gave the company an “overweight” rating in a report on Friday, July 11th. Finally, Compass Point reissued a “buy” rating and set a $37.00 price objective (up previously from $34.00) on shares of NMI in a report on Friday, May 23rd. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $42.33.

NMI Company Profile

NMI Holdings, Inc provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance services, such as primary and pool insurance; and outsourced loan review services to mortgage loan originators. It serves national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned mortgage lenders, internet-sourced lenders, and other non-bank lenders.